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Tag: chapter 11 bankruptcy

Crypto.Com confirms Terra Luna Classic (LUNC) delisting

CryptoCom confirms Terra Luna Classic (LUNC) delisting. Terra Luna Classic (LUNC) sees a 13% price plunge. According to...

Terraform Labs Files for Chapter 11 Bankruptcy in the US – Unchained

The company behind the collapsed TerraUSD (UST) stablecoin has filed for bankruptcy protection in the US, listing both its assets and liabilities in...

The Crypto Roundup: 17 January 2024 | CryptoCompare.com

Prominent Bitcoin mining firm Core Scientific has successfully navigated crypto winter and received the green light for its Chapter 11 reorganization plans from the...

Digital Currency Group Has Paid Off $1,000,000,000 in Short-Term Debt, Says CEO Barry Silbert – The Daily Hodl

Digital Currency Group (DCG) CEO Barry Silbert says the venture capital firm has settled over $1 billion in debt, including the nearly $700 million...

Digital Currency Group Has Paid Off $1,000,000,000 in Short-Term Debt, Says CEO Barry Silbert – The Daily Hodl

Digital Currency Group (DCG) CEO Barry Silbert says the venture capital firm has settled over $1 billion in debt, including the nearly $700 million...

DCG completes repayment of $700 million Genesis debt

Digital Currency Group (DCG) has announced the successful settlement of approximately $700 million in short-term loans owed to now-defunct crypto lending platform Genesis.The settlement...

Celsius to Unstake $466 Million Ethereum Holdings, ‘Ensure Ample Liquidity’ for Creditors – Decrypt

Bankrupt crypto lender Celsius Network will unstake its existing holdings of Ethereum in order to "ensure ample liquidity" when distributing assets to its creditors.In...

Court approves Celsius Network’s Bitcoin mining plan

The US Bankruptcy Court for the Southern District of New York approved Celsius Network’s restructuring plans...

DCG CEO Silbert, President Murphy Exit Grayscale Board – Unchained

The Digital Currency Group-owned crypto asset manager, currently a spot bitcoin ETF candidate, has named two other DCG execs and its own CFO...

Core Scientific Set for Post-Bankruptcy Revival with NASDAQ Relisting

Core Scientific, once a leading player in the Bitcoin mining landscape, is poised to emerge from Chapter 11 bankruptcy proceedings in mid-to-late January 2024,...

Judge Rules DCG Must Hold on to Genesis Until Bankruptcy Proceedings Conclude

Genesis, a bankrupt crypto lender, has successfully won a legal bid to prevent its parent company, Digital Currency Group (DCG), from selling or...

FTC bans Rite Aid from using facial recognition for 5 years

American drugstore chain Rite Aid was banned by the US Federal Trade Commission (FTC) from using AI facial recognition technology for surveillance purposes for...

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